Wallets holding 100 to 1,000 BTC in Bitcoin had a net outflow of approximately 67,000 BTC on July 13. According to data from Cryptoquant This level was the strongest exit movement of the medium-sized investor group recorded since February 19. On the date in question (February 19), a net outflow of approximately 47,000 BTC was seen.
Accumulation trend reversed sharply
The latest data is a marked departure from the behavior of the same investor group in April. Wallets holding 100 to 1,000 BTC had accumulated more than 92,000 BTC net on April 25. Thus, a change in behavior occurred from heavy accumulation to strong distribution, exceeding 159,000 BTC.
Mini dictionary: Net outflow refers to the decrease in the total amount of Bitcoin held by a particular group of wallets. This movement may occur by transferring assets to other wallets or trading platforms and does not always constitute a direct sale.
The behavior of mid-sized Bitcoin investors has reversed from an accumulation of over 92,000 BTC on April 25 to an outflow of approximately 67,000 BTC on July 13.
But the amount of Bitcoin transferred to exchanges did not increase at the same pace!
Despite the strong distribution in the wallet group, there was no similar increase in the amount of Bitcoin heading to major trading platforms. Approximately 2,800 BTC was sent to the Binance exchange on July 13. This amount remained below the 3,280 BTC seen on June 19.
While Coinbase Prime inflows were approximately 1,690 BTC, the level on June 22 was recorded as 1,560 BTC. On the Coinbase Advanced side, entries reached approximately 3,170 BTC. While this amount was above 2,170 BTC on June 22, it remained below recent local peaks.
| Platform | July 13 entry | Previous comparison |
|---|---|---|
| Binance | 2,800 BTC | 3,280 BTC on June 19 |
| Coinbase Prime | 1,690 BTC | 1,560 BTC on June 22 |
| Coinbase Advanced | 3,170 BTC | 2,170 BTC on June 22 |
Distribution and stock market entries were separated
The divergence between the data showed that although wallets holding 100 to 1,000 BTC had strongly reduced balances, these assets were not transferred to the Binance and Coinbase platforms to the same extent. For this reason, it does not seem possible to consider the entire on-chain distribution movement as a direct stock market sale.
Past signals have resulted in different price movements
Excessive accumulation movements in this group of wallets were seen between January and April 2026, when Bitcoin was approaching local price peaks. On the other hand, the strong rise after February 19 was followed by the recovery in Bitcoin price.
The July 13 data does not confirm that the market has reached a bottom. But the strongest breakout move in nearly five months marks a historically significant shift in the behavior of mid-market Bitcoin investors.
